AUD/USD is now in uptrend from 0.7532, and the rise extended to as high as 0.8075. Further rise could be expected over the next several weeks, and next target would be at 0.8211 – 0.8630 area. Support is at 0.7532, only break below this level could trigger another fall towards 0.7000.

 

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk